A Commonwealth low risk grant agreement template is a formal legal document used to outline the terms and conditions of a grant awarded by a Commonwealth government agency or department to an eligible recipient. These agreements typically involve grants that pose minimal financial risk to the Commonwealth due to their small size, low complexity, or the recipient’s established track record.
Key Components of a Commonwealth Low Risk Grant Agreement Template:
Grantor Information
Funding Agreement template (Short Form)
Name and contact information: The full legal name of the Commonwealth government agency or department awarding the grant, including its address, phone number, and email address.
Granting authority: The specific legislation or policy that authorizes the grant.
Grant administrator: The name and contact information of the individual or office responsible for administering the grant.
Recipient Information
Name and contact information: The full legal name of the recipient organization or individual, including its address, phone number, and email address.
Type of recipient: The legal status of the recipient (e.g., incorporated association, not-for-profit organization, individual).
ABN or ACN: The Australian Business Number or Australian Company Number of the recipient.
Grant Details
Grant title: A concise and descriptive name for the grant.
Grant amount: The total amount of the grant funding.
Grant period: The start and end dates of the grant.
Purpose of the grant: A clear and detailed statement of the specific objectives or activities to be funded by the grant.
Eligible expenses: A list of expenses that are eligible for reimbursement under the grant.
Ineligible expenses: A list of expenses that are not eligible for reimbursement under the grant.
Progress reports: The frequency and format of progress reports to be submitted by the recipient to the grantor.
Financial reports: The frequency and format of financial reports to be submitted by the recipient to the grantor.
Audit requirements: Any requirements for independent audits of the recipient’s financial records related to the grant.
Grant Conditions
Compliance with laws and regulations: The recipient’s obligation to comply with all applicable laws and regulations.
Intellectual property: Ownership of any intellectual property created with grant funds.
Publicity: Requirements for acknowledging the Commonwealth government’s support for the project.
Variation clause: A provision allowing for modifications to the agreement with the written consent of both parties.
Dispute resolution: A mechanism for resolving disputes between the grantor and the recipient.
Termination clause: Provisions for terminating the agreement under certain circumstances.
Signatures
Grantor’s signature: The signature of an authorized representative of the Commonwealth government agency or department.
Recipient’s signature: The signature of an authorized representative of the recipient organization or individual.
Design Elements for a Professional Commonwealth Low Risk Grant Agreement Template:
Clear and concise language: Use plain English and avoid legal jargon whenever possible.
Consistent formatting: Use consistent headings, fonts, and spacing throughout the document.
Professional layout: Use a clean and professional layout that is easy to read and navigate.
White space: Use ample white space to improve readability and make the document visually appealing.
Branding elements: Incorporate the branding elements of the Commonwealth government agency or department, such as logos and colors.
By following these guidelines, you can create a professional Commonwealth low risk grant agreement template that is both informative and legally sound.
